What is it that makes Millbrook such a wonderfully desirable place to buy a section right now when much of the rest of the guilt-edged real estate market seems to have caught a nasty disease?
Surely not just because Bill Clinton played there.
But confirmed sales for December saw $8.8 million worth of Millbrook real estate go to what Millbrook executive Ben O'Malley says were keen buyers.
Three sections sold, along with two Millbrook cottages and a luxury "fairway home."
Some were to overseas investors.
Mr O'Malley said the sales were evidence that people are prepared to pay a premium for the quality that Millbrook offers. Some of the sections were "re-sales" where the latest buyer has paid as much as 20% over and above what the previous owner paid. He said the lower exchange rate and lower interest rates had been factors in attracting overseas buyers.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- OPINION: Initial observations on the Dotcom decision
- Hotels, motels facing 150% plus council rates increases to fund Ateed
- Sky TV-Vodafone merger: Competition lawyer rates odds of success for Spark's last-minute legal challenge
- Chinese crackdown helps Comvita to first-half loss
- PWC confirms OPI cash, finally
Most listened to
- Land Rover's severing of ties with Dan Carter is ‘a template for the way in which these things should be handled’
- Rick Shera - 'I suspect Kim Dotcom and his lawyers will be visiting the Supreme Court more than once'
- Tourism Association head Chris Roberts explains why the accommodation industry will fight 150% council rates rises
- PGG Wrightson CEO Mark Dewdney on the tough first-half but brightening outlook
- Competition lawyer Andy Matthews' rates Spark's chance of success with its Skyfone legal challenge